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Litigation Funding Enables Plaintiffs in an Auto Accident to Reduce Total Indebtedness

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A 32-year-old woman was a passenger in her friend’s vehicle when the driver suddenly lost control and hit an embankment. The passenger suffered spinal fractures that required three extensive surgeries, including bone grafts and steel rods to repair her shattered spine; she spent over four months in a body cast. Unfortunately, the woman ultimately suffered from degenerative spine; doctors said there is nothing more they can do for her, but treat the pain with medication. Unable to return to work and with savings depleted, the woman had no means to pay the mounting medical bills until her case settled. Her attorney suggested litigation funding.

After fully understanding how litigation funding works, an application was completed over the phone. Within hours (time varies from attorney to attorney), one of our specialists was able to obtain the necessary documentation from the plaintiff’s attorney, the funding request was approved and the money wired into her account the next morning. With the bills paid, the woman was able to wait for justice; her case settled for $1.2 million.

Getting a fair settlement can take your attorney time - months, even years. Litigation funding can keep a plaintiff financially afloat while recovering from injuries and help maximize case results.

Here are a few advantages of litigation funding:
• No application fee.
• No monthly payments.
• No credit checks, so plaintiffs with credit problems can still obtain funding. Unlike a bank loan, the cash advance is not reported as a debt and will never show up on a credit report.
• It is not a loan, but rather a non-recourse cash advance. This means nothing is paid until the case successfully settles. If the plaintiff loses, the repayment is completely waived.
• Funding can typically be provided within 24-48 hours after approval.

Litigation funding is most commonly used in personal injury cases such as auto accidents and medical malpractice. If you need emergency cash while waiting for a case settlement, applying for litigation funding is free and easy.

Disclaimer: This article is a paid advertisement prepared by Lawsuit Financial Corp. and does not constitute legal or financial advice from Online Legal Media or LawyersandSettlements.com.

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